Canadian Natural Gas Prices Drop to Two-Year Low Amid Rising Storage Levels
Canadian natural gas prices fall to two-year low as storage fills By Nia Williams (Reuters) – Canadian natural gas prices slumped to their lowest level in more than two years on Monday and are expected to remain under pressure for weeks, as storage levels in Alberta reach full capacity due to weak demand across North […]
Oil and Gas Fishing Market Projected to Achieve Impressive CAGR of 6.10%
Oil and Gas Fishing Market to Exhibit a Remarkable CAGR of 6.10% Oil and gas fishing market will reach at an estimated value of USD 9.37 billion and grow at a rate of 6.10% for the forecast period of 2021 to 2028. Oil and gas fishing is generally used in the recovery of damaged or […]
Challenges Intensify for North Sea Oil and Gas Industry
Trouble Deepens for North Sea Oil and Gas When the Labour Party came into power, it vowed to tax the oil and gas industry more. Warnings this might backfire fell on deaf years. Now, banks are refusing to lend to North Sea operators. It may well end with energy shortages. “To deliver our clean power […]
Saipem’s Pre-Qualification for A&E Project in Libya Signals Progress in Gas Monetization Efforts
Saipem Pre-Qualifies for Structures A&E Project as Libya Advances Gas Monetization Drive Italian multinational oilfield services company Saipem announced it has pre-qualified to carry out EPCC works for Production Platform E – part of the $8-billion Structures A&E Development Project – during the Libya-Italy Roundtable and VIP Networking Event in Rome on Monday. Led by […]
New Metrics Released by IEA, UNEP, and EDF to Monitor Oil and Gas Companies’ Progress on Methane Commitments
IEA, UNEP, and EDF announce comprehensive metrics to report action and measure progress by oil and gas companies on methane commitments Despite years of public pledges by oil and gas companies, methane emissions and flaring from the industry’s operations remain at near record levels. To support efforts to address this problem, the International Energy Agency, […]
Scientists question oil and gas company’s assertion that fracking has no public health risks
Scientists skeptical of oil and gas company’s claim that its fracking ‘poses no public health ri Scientists who study public health say they’re skeptical of a company’s claims that its fracking “Poses No Public Health Risks.” Canonsburg, Pa.-based CNX said that a research project it is conducting as part of a voluntary collaboration with the […]
MCF Energy Announces Significant Gas Discovery in Austria
Welchau-1 Intersects 115 Metres of Condensate-Rich Gas at Target Formation VANCOUVER, BC, March 18, 2024 /CNW/ – MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) (“MCF”, “MCF Energy” or the “Company”) is pleased to announce a potentially significant gas and condensate discovery at the Welchau-1 well in Austria. The well encountered 115 metres of rich gas shows […]
Welchau Gas Exploration Well Update
Drilling Operations Report No 1 VANCOUVER, BC, Feb. 27, 2024 /CNW/ – MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) (“MCF”, “MCF Energy” or the “Company”) is pleased to announce that the Welchau-1 gas exploration well was spudded on the 24th of February using the RED Drilling & Services GmbH (RED) E200 drill rig in the ADX-AT-II exploration licence in Upper […]
Rig Mobilisation Begins for Welchau Gas Prospect
Mobilisation and rig up of the RED E200 drill rig commenced on the 18th of February and drilling operations are anticipated to start by the 24th of February. VANCOUVER, BC, Feb. 20, 2024 /CNW/ – MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) (“MCF”, “MCF Energy” or the “Company”) is pleased to announce that our energy investment partner […]